Common use of Withholding or Deduction Clause in Contracts

Withholding or Deduction. If GTJAS is required pursuant to AEOI or otherwise by law to withhold or deduct any AEOI withholding taxes (including any penalties or interest payable in connection with any failure to pay or any delay in paying any such taxes) on any payments to the Client, GTJAS may deduct such taxes and GTJAS will not be required to increase any payment in respect of which GTJAS makes such withholding. The Client shall be treated for all purposes of this Agreement as if the Client had received the full amount of the payment, without any deduction or withholding. The Client shall provide GTJAS such additional documentation reasonably requested by GTJAS to determine the amount to deduct and withhold from such payment.

Withholding or Deduction. If GTJAS is required pursuant to AEOI or otherwise by law to withhold or deduct any AEOI withholding taxes (including any penalties or interest payable in connection with any failure to pay or any delay in paying any such taxes) on any payments to the Client, GTJAS may withhold or deduct such taxes and GTJAS will not be required to increase any payment in respect of which GTJAS makes such withholdingwithholding or deduction. The Client shall be treated for all purposes of this Agreement as if GTJAS had discharged all its obligations to make payment and the Client had received the full amount of the payment, payment without any deduction withholding or withholdingdeduction. The Client shall provide GTJAS such additional documentation reasonably requested by GTJAS to determine the amount to deduct and withhold from such payment.